ECA Integrated Solution is eyeing to stage a bullish breakout, testing the immediate resistance with a bullish candlestick. The stock printed a long white candlestick yesterday on high volume, showing the bullish momentum was gaining traction again. If it surpasses the MYR0.275 resistance, this will attract fresh buying pressure. In this case, it will travel towards the next resistance at MYR0.30, followed by the MYR0.33 level. Conversely, falling below the MYR0.24 support resumes the correction phase.

Source: RHB Securities Research - 24 Dec 2024